Lecture20PAStartingDoc

In your role as project leader for the organization's involvement in the annual United Way campaign, you have planned a party to mark the end of the fundraising initiative. What must you do to ensure the party is developed successfully? Thank people for attending the party for the United Way initiative. O Include the party in the planning document for the United Way initiative. Send out a calendar invite so the party appears on everyone's schedule. Reserve the room where the party will be held.

Estimating project costs seems to be the main problem for Project 14321. You are to advise a reward mechanism for TSC management that will help with improving project cost estimation

You manage a multidisciplinary project team involved in the implementation of a comprehensive and complex Enterprise Resource Planning (ERP) system. The team will be working together for the next 12 months. The project goals are demanding. You are very concerned about how to keep the team motivated for the duration of the project. Discuss your strategies to keep the team motivated, and how to sustain the motivation for the duration of the ERP project.

How do you manage project problem crises during controlling phase?

IBM recently surveyed 585 mobile application developers and managers, and found that just 35% of mobile development projects successfully met project objectives in terms of budget, timeline, and goals. Given this, what are some of the risks that companies like FIMC face when trying to create and release a mobile app in such a short amount of time?

Project Direct costs are the costs related with utility expenses in the project.   true or false?

Your project is divided into five major subprojects. Subproject “P” involves developing specifications for the new cell phone. Here, decisions related to such things as battery life, size of the phone, and features need to be made. These details are based on how a customer uses the cell phone. These user specifications are redefined in terms that have meaning to the subcontractors that will actually make the new cell phone in subproject “S” supplier specifications. These involve engineering details for how the product will perform.     The individual components that make up the product are the focus of subproject “D.” Subproject “I” brings all the components together, and a working prototype is built and tested.     Finally, in subproject “V,” suppliers are selected and contracts are negotiated. MAJOR SUBPROJECTS/ACTIVITIES ACTIVITY IDENTIFICATION DEPENDENCY DURATION (WEEKS) Product Specifications (P)       Market research P1 — 6 Overall product specifications P2 P1 4…

As an IT Project Manager what are two issues  or project challenges unique to the IT industry that may affect the management of a vaccine rollout project.

You have been assigned as a Project Manager in your Company. Your Sponsor wants Project Budget to be ready in 2 weeks. You are working with your team to estimate costs. However, your team does not know what tools and techniques they can use. Explain all the tools and techniques that you could use with your team.

Assume we are planning to develop a room reservation system that is estimated to have 400 story points of features. Let’s say our team’s velocity on two-week sprints ranges between 20 and 25 story points.  Our project will start on Dec 1, 2021. If our customer wants the project to be in production by end of June 22, how likely will the project be successful? Why? Show your calculations.

At times, in order to monitor the project planning, a project manager can resort to the development of a project planning by starting at the end of the project and back to the beginning. Which allows the project manager and try to identify and measure the length of the tasks that will potentially require up to the period of time the project is scheduled to take. Although this might seem to be a rational solution to preparing a project plan, the use of this tactic may significantly decrease the likelihood that the project meets its deadline. If you think that this strategy is right to build a project schedule? Talk about the rationale behind your reply. Discuss that this plan will significantly reduce the likelihood that the project would reach its deadline

if the project is in the planning stage and the project's estimated cost has passed 10 years and there has been a change in prices for some materials how will the planners deal with in this situation

Mr. A is a project manager of X corporation. You have 13 members to complete the project. After some time, 2 team members left the project. 3 more persons from the procurement team transferred to the project team. Suddenly Mr. A left the project. X corporation decided to hire a new project manager including a deputy project manager. Now how many more communication channels are added?

In what ways does a Solution Delivery Manager ensure that project outcomes align with the initial requirements and business objectives?

Use the information in this table to calculate the weighted score for project 2 Criteria Weight Project1 Project2 Project3 Project4 Supports of key business objectives 5% 90 90 50 20 Has strong internal sponsor 10% 70 90 50 20 Has strong customer support 5% 50 90 50 20 Realistic level of technology 10% 25 90 50 70 Can be implemented in one year or less 30% 20 20 50 90 Provides positive NPV 10% 50 70 50 50 Has low risk in meeting scope, time, and cost goals 30% 20 50 50 90

Although project costs are generally estimated on the initial assumption that there will be no modifications in design that would necessitate changes in the physical work or relative changes in domestic or international prices, sound project planning requires that provisions called contingency allowances be made in advance for possible adverse changes in physical conditions or prices that would add to the baseline costs. Discus the two categories of contingency allowances provided for in project planning.

b) As a Project Engineer, cost control is one of the areas that is pertinent to project budget. When project cost is over-run against project budget, what will be the challenges as an engineer that you will be to be concerned? Please list down 3 concerns and elaborate on your answers. (CO1, C4)

According to a recent IBM survey of 585 software engineers and managers, a large percentage of mobile software projects end up falling short of their planned budget, schedule, and objectives. With such a tight timeline, how can a company like FIMC take the risk of developing and releasing a smartphone app?

Calculate the cost budget for the project below with a contingency reserve of 20% is applied to the cost estimate and 4% management reserve is applied to the cost baseline.                               Control Account                             Cost /$ Project Management 1,000,000                            Design 4,000,000                            Execution 10,200,000                             Certification 600,000                             Marketing 4,500,000                             Launch  320,000     You have a budget at completion of $2500. You had planned to have $2200 worth of work accomplished by now. However, you have just found out that you are only 60% complete with the task. What is your SV?     A project was budgeted at $1,000,000. Meanwhile, the project is executed, and the following current figures have been assessed:   PV: $500,000   EV: $450, 000   AC: $550, 000   Assuming that the cost variance was…

In project management, a number of tools are required to ensure effective cost management. You are required to explain how you will employ expert judgement as one of the cost management tools on aproject you have been tasked to manage.

An IBM survey of 585 mobile application developers and managers found that just one-third of mobile development projects met project requirements in terms of budget, timeliness, and project goals, according to the findings. What are some of the risks that companies like FIMC face while building and delivering a mobile application in such a short period of time?

Select the best answer for the following questions: 1) An ongoing process that evaluates and implements functions that drive a business is: a) Mission impossible b) Continuous improvement c) Quality control d) Cost effectiveness 2) Project Schedules are meant to provide a path forward to guide the project planning process, but not all activities are on the 'critical' path. Those activities not on the Critical Path are distinguished by including: a) Cost of activity b) Total Float c) Long Lead time d) Negative Lag 3) At what point in an engineering project is the Engineer involved? a) Conceptual Development b) Providing specifications c) Design Development d) Financial pro-forma 4) Engineers are characteristically good at all of the following but: a) Analyzing critical data b) Providing alternate solutions to process development c) Delegating tasks for a project d) Provide Quality control during design.

Project managers concentrate on the successful completion of a project but should maintain an awareness of why projects may fail. Enumerate and discuss several reasons why a project can fail.

In the literature, project success variously refers to “on time, within budget, to specification” completion; success of the product produced; or success in achieving the business objectives of the project. How can I apply or relate this definition to a creation of a business plan or project?

Please provide feedback or reaction: A project is a “temporary activity that is launched for a specific purpose to carry out a particular objective” (Wallace p.354, 2020). Essentially, a project will consist of anything that involves some sort of planning, controlling, and executing of an activity that will help to achieve a specific goal. According to the textbook, some common characteristics of a project will consist of a temporary endeavor, unique purpose, required resources, time and staff, a metric for success but also an element of uncertainty (Wallace, 2020). On the other hand, a Process is “a series of events designed to deliver a product or service that is repeated over and over” (Wallace 2020). Fundamentally, a process is something that is repeated with a routine like structure and is designed to be improved upon to have better and better results each time. The major difference between projects and processes, is that a project is temporary meaning once it’s done then it’s…

The initiating phase of the project life cycle starts with recognizing a need, problem, or opportunity for which a project or project is identified to address the need. Projects are identified in various ways: during an organization’s strategic planning, as part of its normal business operations, in response to unexpected events, or due to a group of individuals deciding to organize a project to address a need. Discuss three reasons why it is important to select the right project before you begin working.

Potential risks within a project:     should be addressed proactively early in the project life cycle     should be addressed as they occur instead of planning for failure ahead of time     should be eliminated by a good initial baseline plan     should be avoided by the development of good risk response plans

Given a project with the following characteristics, answer the following questions:You are the project manager of a project to build fancy birdhouses.You are to build two birdhouses a month for 12 months.Each birdhouse is planned to cost $100.Your project is scheduled to last for 12 months.It is the beginning of month 10. You have built 20 birdhouses and your CPI is 9091. a. Assuming that the COST variance experienced so far in the project will continue, how much more moneywill it take to complete the project? b. If the variance experienced so far were to stop, what is the project's estimate at completion?

d) Risk is defined as the uncertain event or condition that if occurs has a positive or negativeeffect on the project's objective. The project objectives can be classified into three; cost,schedule and performance. There are 5 steps on risk identification process which startfrom identification and end with monitoring.Based on these three project objectives please explain the project risk managementprocess.explain it briefly and include example

Earned Value Management (EVM) is a method or an approach in measuring the project performance throughout the project at any point of time that integrates the variances of cost and schedule in assisting organizations to decide either to continue or terminate the project.  Within 200 days, the equipment supplier has agreed to supply 100 units of spare equipment at the price of RM500 per unit. However, 50 days later, the supplier can only supply 21 units with an actual total cost of RM11,400.  a. Indicate either the supply is ahead or behind the schedule (in days).b. Indicate either the supply is under or exceed the budget (in amount).c. Indicate the cost performance of the supply (in percentage)d. Indicate the performance of the supply in term of schedule (in percentage)

The IT director opened the department staff meeting today by saying, “I’ve got some good news and some bad news. The good news is that management approved the payroll system project this morning. The new system will reduce clerical time and errors, improve morale in the payroll department, and avoid possible fines and penalties for noncompliance. The bad news is that the system must be installed by January 1st in order to meet new federal reporting rules, all expenses from now on must be approved in advance, the system should have a modular design if possible, and the vice president of finance would like to announce the new system in a year-end report if it is ready by mid-December.” Tasks Based on your understanding of the Chapter 2 Tilley material; 1. Why is it important to define the project scope?  What approach could help define the scope of the payroll project in this case? 2. Review each constraint and identify its characteristics: present versus future, internal versus…